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SGL Group and Mitsubishi Rayon Sign Polyacrylonitrile JV Contract

7:28 AM MST | December 30, 2009 | Natasha Alperowicz

SGL Group (Wiesbaden, Germany) and Mitsubishi Rayon have signed a contract to form a previously announced joint venture to manufacture polyacrylonitrile (PAN), which the partners will supply to a separate carbon fiber and fabrics production jv between SGL and BMW Group. Mitsubishi Rayon will have a 66% stake in the PAN jv and SGL will hold the balance. The new plant will be built at Mitsubishi Rayon's Otake, Japan site. Final contract details are expected to be completed by April 2010, the companies say. Meanwhile, the downstream jv in which SGL will hold 51% and...

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